Iceland Trade Summary
U.S. goods and services trade with Iceland totaled an estimated $4.7 billion in 2024, up 41.6 percent ($1.4 billion) from 2023.
U.S. total goods trade (exports plus imports) with Iceland was an estimated $2.1 billion in 2024. U.S. goods exports to Iceland in 2024 were $990.9 million, up 196.3 percent ($656.5 million) from 2023. U.S. goods imports from Iceland in 2024 totaled $1.1 billion, up 59.1 percent ($398.5 million) from 2023. The U.S. goods trade deficit with Iceland was $81.6 million in 2024, a 76.0 percent decrease ($258.0 million) over 2023.
U.S. total services trade (exports plus imports) with Iceland totaled an estimated $2.6 billion in 2024. U.S. services exports to Iceland in 2024 were $467 million, up 13.3 percent ($55 million) from 2023. U.S. services imports from Iceland in 2024 were $2.1 billion, up 13.9 percent ($260 million) from 2023. The U.S. services trade deficit with Iceland was $1.7 billion in 2024, a 14.0 percent increase ($204 million) over 2023.
